Tagged: Economy

Austin’s economy added 30,500 jobs over the last year. The latest employment report shows the jobless rate dropped to 5.1 percent last month from 5.6 percent in April 2012. 

The recent job growth happened as more people were moving to the Austin-area looking for work. The civilian labor force grew by more than 27,000 in the past 12 months.

President Barack Obama spent about six hours in Austin yesterday touring around the city on the first stop of what the White House is calling a “Middle Class Jobs and Opportunity Tour.”

After landing mid-day in Austin, the President headed to Manor New Technology high school. The school is what’s called a STEM academy – focusing on science, technology, engineering and math.

President Barack Obama will be in Austin tomorrow. The stop is part of his "Middle Class Jobs & Opportunity Tour.”

(Most recent update: 10 a.m. ET.)

The nation's jobless rate edged down to 7.5 percent in April from 7.6 percent in March and employers added 165,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

It’s been called the Texas Miracle: Hundreds of thousands of jobs added, millions of people and thousands of companies moving here from other states.

But that sense of pride inside Texas isn’t shared outside the state. Critics say the majority of jobs created don’t pay well and the state’s low tax-low service model has led to crumbling schools, inadequate roads and a water crisis.

A Twitter account from The Associated Press was hacked Tuesday afternoon and the erroneous message — to be perfectly clear, it WAS NOT TRUE — sent stocks down sharply for a few moments.

The false message claimed there had been two explosions at the White House and that President Obama had been injured. Again, none of that happened.